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- National Grid profits rise despite drop in demand
- National Grid, which operates electricity and gas networks in the UK and the US, has reported a 16 per cent rise in underlying pre-tax profit for the six months to the end of September in spite of a steep fall in energy use, demonstrating what the company describes as...
- News items 2009-11-19
- Orange gets taste of Apple as iPhone tariffs set
- Orange, the UK's third-largest mobile phone operator, yesterday unveiled its tariffs for Apple's iPhone, dashing consumer hopes for a price war over the popular handset in the run-up to Christmas.Orange will be selling the iPhone from November 10. Its tariffs are broadly similar to those of O2, the UK's...
- External links 2009-11-02
- Gold find boosts Mariana
- Mariana Resources , an explorer focused on South America, bucked the weak market trend yesterday.The group's shares finished 17 per cent higher at 9 by Financial Times
- External links 2009-10-28
- Shell shake-up to shed 5,000 jobs
- Royal Dutch Shell said on Thursday that a total of 5,000 staff would be leaving the Anglo-Dutch oil and gas group as part of a restructuring begun earlier this year.It gave the update on job losses as it announced a decline in third-quarter profit that was a little smaller...
- External links 2009-10-29
- Publicis claims worst of slump is over
- PARIS, Oct 27 - Advertising group Publicis said the worst of the economic downturn was over, forecasting a better fourth quarter and a return to growth in the second half of 2010, after posting lower third-quarter sales.The world's third-largest advertising group in terms of revenue said third-quarter sales were...
- News items 2009-10-27
- Pay tsar turns attention to 525 executives at Tarp groups
- Kenneth Feinberg, the US special master on compensation, has begun scrutinising the pay plans of about 525 second-tier executives at the seven companies receiving "exceptional assistance" from the government.After last week's decision to demand severe curbs on compensation, particularly cash, for the top 25 employees at companies that range...
- External links 2009-10-27
- Pay-out pledge gives succour to income investors
- BP yesterday pledged to maintain its dividend, giving a boost to income investors who have been increasingly obliged to rely on the energy sector after many banks cut or suspended their pay-outs to shareholders, write Adam Jones and Carola Hoyos .Squeezed between lower oil and gas prices and ongoing...
- External links 2009-10-27
- Cocaine use in the City still 'a real problem'
- The use of cocaine remains rife among City workers in spite of rising unemployment and lower wages following the credit crunch, leading physicians involved in the treatment of drug-abusing professionals have warned.Neil Brenner, medical director of Priory psychiatric hospital in north London, told the Financial Times that the number...
- News items 2009-10-27
- Reed Elsevier rises on recovery signs at US legal rivals
- Reed Elsevier , the Anglo- Dutch publishing group, was in demand yesterday, its shares rising 3.3 per cent to 473p on the view that concerns about the performance of Lexis-Nexis, its content archive service, had been overplayed.Upgrading its recommendation to "outperform" and setting a 600p target price, Exane BNP...
- News items 2009-10-27
- Nokia steps up 3G battle in China
- Nokia, the world's biggest mobile phone maker, yesterday introduced its first handset for China's home-grown 3G standard, following years of pressure and lobbying from the Chinese government and China Mobile, the country's leading mobile operator,China Mobile. China MobileChina is shaping up as a new battleground for smartphones, with Apple's...
- External links 2009-10-27
- Verizon enjoys smart growth
- More evidence of the readiness of US consumers to defy the recession to acquire the latest wireless phone technology was provided yesterday by Verizon Wireless and RadioShack.Verizon Wireless - the largest US mobile phone carrier company, which is 55 per cent owned by Verizon Communications and 45 per cent...
- External links 2009-10-26
- Ranbaxy suffers 53% fall in US sales
- The financial pain inflicted by a US import ban on some of the products of Ranbaxy Laboratories, India's largest drugsmaker, continues to hurt the company a year after it was first imposed.In the US, sales fell 53 per cent to $44m during the quarter to the end of September...
- External links 2009-10-26
- Spanish GM workers agree restructuring
- General Motors' Spanish workers on Monday voted to approve Magna International's modified restructuring plan for their plant, bringing the Canadian company's takeover of Opel a step closer.Separately, the European Commission on Monday said it would rule by November 27 as to whether the deal complied with its antitrust...
- External links 2009-10-26
- Colliery death delays production at UK Coal
- Lower electricity demand has depressed coal prices in recent months, UK Coal said on Monday, although the company's output remains broadly steady, with some slight declines in surface mining output.The group said that it was still on track for full-year output of between 6.4m and 6.6m tonnes from its...
- News items 2009-10-26
- Screen test for billboards as they spearhead the digital advance
- The oldest advertising medium is due for a makeover, according to William Eccleshare, the new chief executive of Clear Channel's international outdoor advertising business."People have been sticking things on walls for centuries, but there's now a real opportunity to change the business," he told the FT. "In 10 years,...
- News items 2009-10-26
- Challenge is to shift away from finance industry
- The region encompassing the north-west, Yorkshire and Humber entered recession after the south and is likely to pull out after it too, writes Andrew Bounds.At 20 per cent of regional gross domestic product, manufacturing accounts for a higher proportion of the economy than in the country as a whole,...
- News items 2009-10-22
- BG unconcerned over outlook for gas prices
- BG, the oil and gas group, said yesterday that it was relaxed about the outlook for natural gas prices, arguing that some of its customers had been locking-in supply in anticipation of demand returning.BG's profits, like those of its rivals, have been eroded by the decline in oil and...
- External links 2009-10-28
- Virgin Media wins back customers
- Virgin Media, the UK's second-largest pay TV company, said on Thursday it was once more adding cable subscribers to its customer base after an unexpected drop midway through the year.The media and telephony company also reported an increase in underlying profits and record average revenues per user in the...
- News items 2009-10-29
- GSK sees revenue growth as way ahead
- GlaxoSmithKline's traditional focus on prescription medicines in developed countries may fall to just a quarter of total sales, as the head of the UK-based drugmaker pledged further diversification to focus more on revenue growth than margins.Unveiling third-quarter results, Andrew Witty, who was appointed chief executive of the pharmaceuticals group...
- External links 2009-10-28
- Friends site sale hits obstacle
- The sale of Friends Reunited hit a stumbling block yesterday when it was referred to the Competition Commission over concerns it could damage the online genealogy market.ITV had agreed to sell the networking site for by Financial Times
- External links 2009-11-02
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